i need the answer quickly -Utility from consuming a good is understood by economists to mean; (2) (a) how cUtility from consuming a good is understood by economists to mean; (2)(a) how often we consume the good.(b) how much satisfaction or benefit we get from consuming the good.(c) how much it costs to buy the good.(d) how we best use the good.

In economics, consumer behavior is analyzed by different measures, including budget constraint,…

Answered: Utility from consuming a good is…

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 1.3P

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plz choose correct option and do explain.

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Utility from consuming a good is understood by economists to mean; (2) (a) how often we consume the good. (b) how much satisfaction or benefit we get from consuming the good. (c) how much it costs to buy the good. (d) how we best use the good.